Latest news
Stronger energy cooperation between China and US accomplished
A new stage was accomplished at the third round of the China Strategic Economic Dialogues that took place in Washington (USA) on May 10th at which several “energy subjects” were discussed, mainly focused on the joint development of innovative power grids and large scale wind power projects, as well as establishing commercial activities tied to natural gas, shale gas and bio-jet fuel and information share in energy management experience.
read more... 25/05/2011
BP launches a multibillion dollar lawsuit against Transocean and Cameron
The UK giant, BP filed a lawsuit against Transocean, asking for at least US$40 billion in damages and other costs from the owner of the Deepwater Horizon rig, moreover, the British company filed a lawsuit against Cameron International as well, saying a blowout preventer made by Cameron failed to avert the catastrophe.
read more... 26/04/2011
EIB to finance small and medium renewable energy projects in Italy
The “renewable” agreement was signed between the European Investment Bank (EIB) and Banca Monte dei Paschi di Siena (BMPS Italy) and makes part of the European Investment Bank objectives for sustaining European economy, as well a component of the agreement signed two years ago between EIB and the Italian Banking Association and Confindustria.
read more... 18/04/2011
Matra Petroleum to begin oil production in the Sokolovskoe Field, Russia
Matra Petroleum, an independent oil and gas exploration and production company which is actively operating in Russia since 2006 and is constantly examining the potential for oil and gas over there, announced that it has begun the production for both existing wells in the Sokolovskoe field, Russia.
read more... 06/04/2011
BP will restart drilling in the Gulf of Mexico
BP asked U.S. regulators to give the company permission to resume drilling in the Gulf of Mexico, as early as July, less than 15 months after an accident that killed 11 workers and led to the release of more than 4.9 million barrels of oil from BP's well into the Gulf of Mexico.
read more... 04/04/2011